Trading with point and figure

[Dentalfloss]

I have adapted the p/f method to use on line /bars ...saves alot of time

 

[Dentalfloss]

purple are 45 deg trendline...p/f based
they work best on line charts

 

[Dentalfloss]

you have to elongate the chart to get 45 deg lines drawn correctly
change the aspect ratio of bars /lines

 

[Dentalfloss]

the p/f signals are breakouts...easy to see on lines and bars

 

[Dentalfloss]

break of trend...that is pure p/f based

 

[Dentalfloss]

ITs all about....."who has control"
There fore trendlines are drawn as near to the price as possible

 

[inzimam]

they are p/f based...but i dont draw the p/f chart uneless im unsure

I have adapted the p/f method to use on line /bars ...saves alot of time

When you get a chance could you elaborate please? I get pnf, i can't understand how to identify it on a line chart without breaking my brain

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[Dentalfloss]

When you get a chance could you elaborate please? I get pnf, i can't understand how to identify it on a line chart without breaking my brain

Sent from my SM-G960F using Tapatalk

That is the trend

 

[Dentalfloss]

the line chart plots the close only...it is similar to the close plot on p/f

 

[Dentalfloss]

red are subjective
pink are 45 deg

 

[Dentalfloss]

we are not able to imput box sizes and reversal to filter

 

[Dentalfloss]

switch to bars and you can see we have virtually all the price movement

 

[Dentalfloss]

 

[Dentalfloss]

we can see that our trendlines have been placed correctly

 

[Dentalfloss]

Dax

 

[Dentalfloss]

watching for a buy signal

 

[Dentalfloss]

 

[Dentalfloss]

Testing rez

 

[Dentalfloss]

bulls need to get 1.2575 as supp

 

[Dentalfloss]

no selling....a s yet